Form 4: NewtekOne Director Craig Brunet Receives Restricted Stock Award

NewtekOne, Inc. Director Craig Jeffry Brunet was granted 2,283 restricted shares of common stock on June 30, 2025, under the company's 2023 Stock Incentive Plan.

Summary

• Craig Jeffry Brunet, a Director of NewtekOne, Inc. (NEWT), was granted 2,283 restricted shares of the Issuer's common stock.
• The grant occurred on June 30, 2025, under the Shareholder and Board approved NewtekOne, Inc. 2023 Stock Incentive Plan.
• The restricted stock award has a grant price of $10.95 per share.
• All 2,283 shares will vest 100% after 12 months from the grant date.
• Dividends in the form of common stock will be paid during the restricted period and will vest according to the same schedule.
• Following this transaction, Craig Jeffry Brunet beneficially owns 4,783 shares of common stock.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive as it indicates alignment of director interests with shareholders through equity compensation, a standard and generally well-regarded practice. No negative operational or financial news is present.

Positives

• The grant of restricted stock aligns the interests of Director Craig Brunet with those of the shareholders, as the value of his compensation is tied to the company's stock performance.
• The award is part of a shareholder and board-approved stock incentive plan, indicating a structured approach to executive compensation.

Negatives

• The document does not present any explicit negative information regarding the company's operations or financial health.

Risks

• The document, being a Form 4, does not detail company-specific operational or financial risks. The primary risk related to this specific transaction is the potential for the stock price to decline before vesting, reducing the value of the award.

Future Outlook

The granted restricted shares are scheduled to vest 100% after 12 months from the grant date. Dividends paid during the restricted period will also vest according to this schedule.

Management Comments

• The restricted stock award was granted under the Shareholder and Board approved NewtekOne, Inc. 2023 Stock Incentive Plan.

Industry Context

The granting of restricted stock awards to directors is a common practice in the financial services industry and across publicly traded companies as a form of long-term incentive compensation, aiming to align executive and director interests with shareholder value creation.

Comparison to Industry Standards

• Granting restricted stock awards to directors is a standard practice for executive and board compensation across various industries, including financial services, to incentivize long-term performance and retention.
• The vesting schedule of 100% after 12 months is a common structure for such awards, though variations exist based on company-specific compensation philosophies and performance metrics.

Corporate Governance

Stakeholder Impact

• Shareholders: The grant of restricted stock to a director aligns the director's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved governance and strategic decisions.
• Employees: While this specific grant is to a director, the existence of a '2023 Stock Incentive Plan' suggests a broader framework for equity compensation that could also benefit other key employees.

Next Steps

• The 2,283 restricted shares granted to Craig Brunet are expected to vest 100% after 12 months from the grant date of June 30, 2025.

Key Dates

Keywords

NewtekOne, NEWT, Craig Brunet, Director, Restricted Stock Award, Stock Incentive Plan, Insider Transaction, SEC Form 4, Equity Compensation, Vesting